Preference Actions definition

Preference Actions means any and all avoidance, recovery or other actions or remedies that may be brought by and on behalf of the Debtors or their Estates under section 547 of the Bankruptcy Code.

Preference Actions means those avoidance actions provided for in section 547 of the Bankruptcy Code.

Preference Actions means any and all claims of the Debtors or their Estates that could be brought under section 547 of the Bankruptcy Code or, in the alternative, based upon the same underlying facts under section 544 or 548 of the Bankruptcy Code, and the right to recover on account of any such claim under section 550 of the Bankruptcy Code.

Examples of Preference Actions in a sentence

• Further, notwithstanding the provisions of Article V(N) of the Plan, the Debtors shall not assert Preference Actions ascounterclaims or defenses to the claims of any beneficiary or obligee of the bonds issued by Crum Surety, including the Bonds.

• Upon the Effective Date, the Reorganized Debtors, as applicable, shall be deemed to have released all Preference Actions held by the Debtors, if any.

• Further, notwithstanding the provisions of Article V(N) of the Plan, the Debtors shall not assert Preference Actions ascounterclaims or defenses to the claims of any beneficiary or obligee of the bonds issued by Chubb Surety, including the Bonds.

• Upon the Effective Date, the Debtors and the Reorganized Debtors, as applicable, shall be deemed to have released all Preference Actions, if any.

• The estate has obtained gross recoveries of $408,884.42 on the Trade Preference Actions.

More Definitions of Preference Actions

Preference Actions means any Causes of Action arising under section 547 of the Bankruptcy Code or similar preference-related actions arising under the Bankruptcy Code or applicable non-bankruptcy law.

Preference Actions means any and all claims and causes of action which any of the Debtors, the Debtors in Possession, the Estates, or other appropriate party in interest has asserted or may assert under sections 547 of the Bankruptcy Code.

Preference Actions means Avoidance Actions arising under section 547 of the Bankruptcy Code.

Preference Actions means any and all actual or potential avoidance, recovery or related claims that may be brought by or on behalf of the Debtors or the Debtors’ Estates to avoid a transfer of property or an obligation incurred by the Debtors with respect to or concerning an entity or person that is not an Insider pursuant to Sections 547 and 550 of the Bankruptcy Code.

Preference Actions means any and all of the Debtor’s or the Estates’ avoidance actions and rights to recover transfers voidable or recoverable under Section 547 of the Bankruptcy Code against any Creditor or other third party.

Preference Actions means any Cause of Action of the Debtors or the Reorganized Debtors under section 547 of the Bankruptcy Code.

Preference Actions means any and all Causes of Action which any of the Debtors or the Estates have asserted or may assert under section 547 of the Bankruptcy Code or any state law equivalent or, to the extent such Causes of Action arise solely in connection with claims under section 547 of the Bankruptcy Code, section 550 of the Bankruptcy Code.